CIRA BRIAN R 4
Research Summary
AI-generated summary
CAVCO President Brian Cira Surrenders 44 Shares for Taxes
What Happened
- Brian R. Cira, President — Manufactured Housing at Cavco Industries (CVCO), surrendered 44 shares on 2026-05-15 to satisfy tax withholding when restricted stock units were released. The shares were valued at $455.76 each for a total of $20,053. This was a share surrender to cover tax liability (not an open-market sale or purchase).
Key Details
- Transaction date: 2026-05-15 (reported on Form 4 filed 2026-05-19)
- Transaction type/code: Payment of tax liability via share surrender (code F)
- Shares surrendered: 44 shares at $455.76 per share; total value $20,053
- Shares owned after transaction: Not specified in the filing
- Notable footnotes: F1 — surrender of shares for tax withholding on RSU release; F2 — filing notes 536 shares underlying RSUs allocated but not yet vested or delivered
- Filing timeliness: Reported on 2026-05-19 for the 2026-05-15 transaction (filing date shown on the Form 4)
Context
- This was a tax-withholding share surrender related to Restricted Stock Units (RSUs), a routine administrative action companies use to cover withholding when equity awards vest. It is not an open-market sale or a buy; such actions typically do not signal insider sentiment about the company's stock.